Diamond Hill Capital Management Inc. Has $1.96 Million Stock Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

Diamond Hill Capital Management Inc. lifted its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 76.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 68,201 shares of the technology company’s stock after buying an additional 29,575 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Thermon Group were worth $1,962,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Franklin Resources Inc. grew its position in shares of Thermon Group by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company’s stock valued at $595,000 after purchasing an additional 422 shares during the period. D.A. Davidson & CO. lifted its stake in Thermon Group by 1.8% in the 3rd quarter. D.A. Davidson & CO. now owns 29,282 shares of the technology company’s stock valued at $874,000 after acquiring an additional 506 shares in the last quarter. Riverpoint Wealth Management Holdings LLC lifted its stake in Thermon Group by 1.7% in the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 47,862 shares of the technology company’s stock valued at $1,377,000 after acquiring an additional 805 shares in the last quarter. Assetmark Inc. bought a new stake in Thermon Group in the 4th quarter valued at approximately $26,000. Finally, Principal Financial Group Inc. lifted its stake in Thermon Group by 7.6% in the 4th quarter. Principal Financial Group Inc. now owns 17,351 shares of the technology company’s stock valued at $499,000 after acquiring an additional 1,226 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Trading Up 4.1 %

Shares of Thermon Group stock opened at $29.59 on Friday. Thermon Group Holdings, Inc. has a 12-month low of $25.76 and a 12-month high of $35.93. The stock has a market cap of $996.72 million, a P/E ratio of 21.75 and a beta of 0.98. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $28.82 and its 200-day moving average is $29.23.

Thermon Group (NYSE:THR) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. Equities research analysts predict that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

About Thermon Group

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.